Private Credit Turmoil Hits Blue Owl, Apollo Global and Ares As Their Stocks Sink - Apollo Global Managem

Private credit stocks continued their downward trend last week after Morgan Stanley (NYSE:MS) became the latest company to restrict investor withdrawals.

Top Private Credit Stocks Have Plunged This Year Blue Owl Capital (NYSE:OWL) stock tumbled to $8.47 last week, down sharply from its all-time high of $27.

Meanwhile, Apollo Global (NYSE:APO) fell to $118.30 from its record high of $190, while Ares Management (NYSE:ARES) declined to $109 from its all-time high of $201.

BlackStone, Blue Owl, Ares and Apollo Global stocks have plunged | Source: TradingView Other top companies in the industry like KKR and Blackstone, have also dropped and underperformed the broader market.

Similarly, the VanEck BDC Income ETF (NYSE:BIZD), which tracks the biggest business development companies, has slumped by 30% from its highest point last year.